Home / Knowledge / News / Fashion / Boohoo obtains approval to acquire Nasty Gal
Boohoo obtains approval to acquire Nasty Gal
Feb '17
Courtesy: Boohoo
Courtesy: Boohoo
UK online fashion retailer Boohoo.com plc has obtained US Bankruptcy Court approval to acquire intellectual property assets and customer databases from retailer Nasty Gal Inc. for $20 million. The transaction, subject to the satisfaction of customary closing conditions waivable at the Boohoo Group’s discretion, is expected to complete on February 28, 2017.
Subsequent to Boohoo’s December 28, 2016 announcement that it had entered into an asset purchase agreement to acquire certain intellectual property assets and customer databases from retailer Nasty Gal, Boohoo was notified by Nasty Gal’s counsel that “no acceptable, qualifying bids have been received for the intellectual property assets and customer databases and, therefore no auction will take place.”
“We are delighted to have been successful in our bid to acquire Nasty Gal. It represents an exciting opportunity to accelerate our international offering and inspire an ever-growing range of young customers in the US and around the world,” commented Mahmud Kamani and Carol Kane, joint CEOs, Boohoo.
From the UK’s best kept fashion secret to one of the fastest growing international retailers, Boohoo has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, Boohoo has been pushing boundaries since 2006 to bring its customers all the latest looks for less.
Founded in 2006, Los Angeles based Nasty Gal is a pioneer in both the curation and design of women’s clothing, shoes, and accessories. The company has a global presence in 180 countries and a social media following of over 3.5 million. (RKS)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Rajiv Sirohi, Shara

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Michael Van Den Dolder,

Michael Van Den Dolder

Family-owned German textile machinery manufacturer Trützschler operates...

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search